Since the beginning of this year, a surge in reduced car prices has swept across China, prompting many vehicle companies to participate. Nevertheless, some companies, including Li Auto, NIO, Porsche, and Audi, have no intention of following suit.
Many Chinese battery firms have recently announced their construction of new overseas factories. In September, CATL and SVOLT revealed that they would build their second overseas battery factory in Europe.
A Leapmotor vehicle rear-ended another car without braking, pushing it out dozens of meters. Leapmotor confirmed that the vehicle was in a human-driven state before the collision, without activating ACC mode (Adaptive Cruise Control).
On August 4, NETA Auto, a new energy vehicle brand under Hozon Auto, began its strategic cooperation with BOE Varitronix Ltd., an LCD company.
On July 27, China Automotive Technology & Research Center Co., Ltd. (CATARC), a state-owned research institute, released a report entitled "2022 China Automotive Low Carbon Action Plan" in Beijing.
Hon Hai Technology Group, the parent company of electronics giant Foxconn, issued a statement regarding future investment in Indonesia, with the electric vehicle and battery industries at the core.
Chinese automaker BYD sent 100 of its "Tang" models to Norway on Monday, marking the first batch in the planned delivery of electric vehicles (EVs) to the European market.
Tesla’s vehicle orders in China dropped by almost half in May compared with the previous month, as the US automaker wrestles with backlash from regulators and customers alike in the world’s largest electric vehicle (EV) market, according to tech media outlet The Information.
Jidu Auto, the joint electric vehicle (EV) venture between Chinese search and AI giant Baidu and automaker Geely, will unveil its first model at the 2022 Beijing Auto Show, according to its top executive.
Xiaomi’s first vehicle will be either an SUV or a sedan, co-founder and CEO Lei Jun told excited fans during a live-stream session on Tuesday evening.
Chinese regulators have summoned representatives from Tesla for talks over quality and safety issues of its vehicles.
Chinese Electric Carmaker XPeng raised $2.16 billion in an upsized follow-on offering, the company announced in a statement on Wednesday.
Tesla Inc will start producing electric vehicle (EV) chargers in China next year, according to a Reuters report.
NIO’s domestic rival, Beijing-based electric vehicle startup Li Auto’s initial public offering in the US has been fully subscribed for a whopping $950 million, Reuters’ IFR reported.
Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in mainland China.
China’s State Council announced a two-year extension of the “new energy vehicle (NEV)” subsidy and tax exemption that would initially expire at the end of this year.
Jia Yueting released a statement after his Chapter 11 Disclosure Statement and the motion for approval of DIP Financing were approved.
Jia Yueting announced that the $600 million claim declaration amount is the joint guarantee debt of both his brother Jia Yuemin and himself.
As of December 31, 2019, Hillside Capital no longer holds equity in NIO. So far, 2020 has seen NIO raise $200 million in convertible bond financing.
The Ministry of Industry and Information Technology (MIIT) is now raising the stakes, setting a higher target for the proportion of environmentally friendly cars out on the roads.